Long-Short Category

Long-short portfolios hold sizable stakes in both long and short positions. Some funds that fall into this category are market neutral – dividing their exposure equally between long and short positions in an attempt to earn a modest return that is not tied to the market's fortunes. Other portfolios that are not market neutral will shift their exposure to long and short positions depending upon their macro outlook or the opportunities they uncover through bottom-up research.

Abbreviation: LO

Broad Asset Class: Alternative

Primary Index: ML USD LIBOR 3 Mon CM

Secondary Index: S&P 500 TR